Chart Patterns
by PRASHANT SHAH -
When traders and investors identified method of plotting prices and draw charts, they could figure out patterns on them. They also realised that these patterns are repetitive in nature. When you observe your market screen, you observe how price is moving and design a pattern which is in your mind. Next time, when you come ... Read more
Trendlines
by PRASHANT SHAH -
Trendline is a one of the important tools in the arsenal of technical analysis tools for traders and investors. Trendlines are drawn on the chart by connecting important tops and bottoms. There are three types of trendlines. Up Upward slopping trendline is bullish trendline. It is drawn by connecting at least two bottoms. Down Downward ... Read more
Fibonacci Ratios
by PRASHANT SHAH -
Introduction The Fibonacci sequence is named after Italian Mathematician Leonardo of Pisa, Italy. He was known as Fibonacci. He wrote about mathematical series of number which became popular and known as Fibonacci Numbers. He introduced the sequence to the Western world in the 12th century. But He did not invent it. He gave credit for ... Read more
Swing Failure: BMR Setup
by PRASHANT SHAH -
Swing Failure This is my most favourite trading setup hence a separate discussion on this. It’s a mean reversion as well as a pull back setup. Meaning, we can trade it with the trend or against the trend as well. It can complement your price breakout trading system. The setup shows that there is a ... Read more
